Today’s moves are not surprising, given bonds’ actions since the Federal Reserve’s comments Wednesday, but perspectives have certainly changed quickly. On Wednesday, two hours before Ben Bernanke’s press conference, DoubleLine’s bond guruJeff Gundlach said he didn’t see the 10-year note hitting 2.5% this year.

Goldman Sachs earlier today argued that recent bond market activity reinforces their thesis that investors should be switching to stocks.